The Latest Breaking News from Petroleum

Over two months after a journalist was murdered allegedly over a report linked to the project, a proposed petroleum refinery project in Maharashtra’s Ratnagiri and the agitation against it is again in the news.

The International Energy Agency (IEA) should be "very careful" about discouraging investment in the oil industry, which was vital for global economic growth, announced OPEC Secretary General Haitham al-Ghais. Ghais warned that such statements could lead to oil market volatility in the future. He said that the Organization of the…

Authorities say an explosion at a suburban Chicago petroleum plant killed one person and injured a second Tuesday morning

An asphalt tank exploded at the refinery in the 12000 block of South New Avenue about 10 a.m. Tuesday, according to the Will County sheriff’s office.

Pictures from the Seneca Petroleum Company in Lemont, Illinois, show the blaze leaping above industrial containers as firefighters use cranes to tackle the blaze

A comprehensive plan has been drawn up by the participating companies — Indian Oil, HPCL, BPCL and GAIL — in partnership with Petroleum Conservation Research Association to reach out to various sections of society with activities to create awareness.

The U.S. SPR has dropped steadily and stood at the lowest level since October 1983 on April 14, 2023. The Biden administration authorized an unprecedented SPR release and sale following Russia’s invasion of Ukraine that drove crude oil prices to over $130 per barrel in March 2022, the highest price…

Pakistan has placed its first order for discounted Russian crude oil under a deal struck between Islamabad and Moscow, the country's petroleum minister said, with one cargo to dock at the port of Karachi in May.

Tinkering with the petroleum resource rent tax could cause long-term harm to the gas and oil industries, Woodside chief Meg O'Neill says.